Busbar Trunking Market Growth Forecast at 7% CAGR to 2020

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Oct 22, 2015, 10:15 ET

PUNE, India, October 22, 2015 /PRNewswire/ --

The global busbar trunking system market is estimated at USD 6,465.4 million in 2015 and is projected to reach USD 9,174 million by 2020, at a CAGR of little above 7% from 2015 to 2020 according to this new research report.

Complete report on busbar trunking market spread across 168 pages, profiling 30 companies and supported with 79 tables and 76 figures is now available at http://www.reportsnreports.com/reports/426915-busbar-trunking-market-by-power-lighting-low-medium-high-by-conductor-copper-aluminum-by-insulation-by-end-user-industrial-commercial-residential-wind-solar-public-infrastructure-and-transportation-global-trends-forecast-to-2020.html .

Asia-Pacific leads the busbar trunking market with share of approximately 38.5% in 2015, which is expected to grow with a CAGR of 7.9% during the forecast period. This growth is attributed to the increasing government mandates to conserve electricity via energy efficiency norms and growth in construction sector. Based on end-user application of busbar trunking market systems, the entire market has been broadly classified into industrial, commercial, large residential, renewable power generation, public infrastructure, and transportation sectors. Industries are second most growing application for busbar trunking market systems after renewable power generation as there is growth in process industries such as paper & pulp, chemical, cement, and metal processing industries. Large residential and commercial establishments have a considerable combined share in the market.

Busbar Trunking System is a prefabricated electrical distribution system consisting of bus bars in a protective enclosure, including straight lengths, elbows, fittings, devices, and accessories. They are majorly used in industrial and commercial establishments to have an energy efficient, compact, and cluster free power distribution network. The report caters to busbar trunking market system manufacturers, dealers and suppliers, industrial, commercial, and large residential construction companies as well as renewable power generation and power cable manufacturing companies.

Companies profiled in this busbar trunking market research include ABB Ltd., Siemens AG, Schneider Electric Co., Legrand, Eaton Co., GE Industrial, ARJ Group, Busbar Services, C&S Electric Ltd., DBTS Industries SDN. BHD., Delta Bridge, E.A.E Elektrik A.S., Entraco Power, Gersan Elektrik AS, Godrej Industries, Graziadio & C. S.P.A., IBAR (EMEA) Ltd., KGS Engineering Ltd., Larson & Toubro Ltd., Megabarre Group, Naxso S.R.L, Nova Ltd., Pogliano S.R.L, Power Plug Busduct SDN. BHD., Powerbar System, Rittal GmbH & Co., Smiths Power (Power Distribution, Inc.), Multi-B SDN. BHD., VASS Electrical Industries and Vmtech. Order a copy of Busbar Trunking Market by Power (Lighting, Low, Medium, & High), by Conductor (Copper & Aluminum), by Insulation, by End-User (Industrial, Commercial, Residential, Wind & Solar, Public Infrastructure and Transportation) - Global Trends & Forecast to 2020 research report at http://www.reportsnreports.com/Purchase.aspx?name=426915 .

On a related note, another research titled Busbar Market by Power Rating (Low, Medium, and High), End User (Utilities, Industrial, Residential, and Others) & by Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa) - Global Trends & Forecasts to 2020 says overall busbar market is expected to grow at a CAGR of 5.41% from 2015 to 2020. The power sector offers a promising future, with growing demands for electricity following increasing urbanization in the developing nations. Busbar forms a crucial part in the sector across various segments including power generation, transmission and distribution, and equipment protection. The market is segmented on the basis of the application, in which the utilities are estimated to dominate the market, while other categories taken into consideration contribute a considerable value to the market. The study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies' profiles include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), Schneider Electric SE (France), Siemens AG (Germany), Legrand (France), and others. Read more at http://www.reportsnreports.com/reports/401106-busbar-market-by-power-rating-low-medium-and-high-end-user-utilities-industrial-residential-and-others-by-region-north-america-south-america-europe-asia-pacific-middle-east-africa-global-trends-forecasts-to-2020.html .

Explore more reports on energy and power market at http://www.reportsnreports.com/market-research/energy-and-power-supplies/ .

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